Navigating the Storm - Is the Worst Behind Us?

Technical indicators are undergoing a rapid reset from overheated levels. Market sentiment is switching on a daily basis, more volatility is still expected.

Is the worst behind us? Has the storm passed?

The special edition published on Sunday night correctly anticipated a rebound. The critical question now is whether this rally will be sustained.

This edition covers SPX, NDX, IWM, DJI, the seven mega-caps, Bitcoin, GDX, DAX, Nikkei, and other securities that initiated the week at crucial support levels. My Sunday post on the Nikkei, followed by a Monday morning about the extremely oversold futures market, accurately anticipated the subsequent strong bounce.

Chart posted on Monday at 8:23AM on X:

Wednesday was a confusing session considering the selloff, hence the special edition on Wednesday about Bonds and patterns of the recent bear markets (in case the key level mentioned is lost). Now you have valuable information to cut the noise and knowing what to expect in major declines.

The economic news on Thursday resumed the bounce, and the week closed essentially muted in terms of variation versus the previous Friday. Every single chart included here reached crucial support levels, with the exception of NVDA, TSLA and AMZN , let’s study what are the market conditions and which are the odds for a lower low or a continuation.

SPX